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On January 1, 2024, ABC Company borrowed $150,000 from the bank. The loan requires semi-annual payments of $18,000 every June 30 and December 31, beginning
On January 1, 2024, ABC Company borrowed $150,000 from the bank. The loan requires semi-annual payments of $18,000 every June 30 and December 31, beginning June 30, 2024. Assume the loan has an interest rate of 20% compounded semi-annually. Calculate the amount of cash outflow related to this loan that would be reported in the operating activities section of ABC Company's 2025 statement of cash outflows.
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